TCL Technology Group Unveils Long-Term Employee Stock Incentive Plan for 2026

Stock News06-02

TCL Technology Group Corporation (SZSE: 000100) has released a draft for a medium to long-term employee shareholding plan set for 2026.

The plan is open to a maximum of 4,700 participants, with the company's directors and senior management explicitly excluded from participation.

Participants can subscribe for a total of no more than 920 million units, representing 100% of the plan's total share units, with each unit priced at 1 yuan.

The total capital raised for the plan will not exceed 920 million yuan.

The shares for this employee ownership scheme will be sourced from the company's dedicated repurchase account.

This follows a resolution passed at the 23rd meeting of the eighth board of directors on June 1, 2026, which approved a proposal for the repurchase of a portion of the company's public shares in 2026.

Based on the closing share price of 4.28 yuan per share on May 29, 2026, the plan allows for the purchase of up to approximately 215 million shares.

This maximum purchase quantity represents about 1.03% of the company's current total share capital.

The transfer price for the shares under the plan will be the actual average repurchase price achieved upon completion of the share buyback.

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